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Acquisition Analysis Pre-Acquisition and BCVR

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Added on  2022-10-17

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$ 407,700.00 Goodwill $ 146,860.00 BCVR $1,523,340.00 To shares in Davis Limited $ 3,778,000.00 (for consideration given to Davis limited) BCVR $1,523,340.00 To General reserve $ 1,523,340.00 for transferred to general reserve BUSINESS COMBINATION VALUATION ENTRIES Date Particulars Debit Credit 1st July 2017 Accumulated depreciation Dr.

Acquisition Analysis Pre-Acquisition and BCVR

   Added on 2022-10-17

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Running Head: corporate accounting and reporting
1
Corporate accounting and reporting
Acquisition Analysis Pre-Acquisition and BCVR_1
Running Head: corporate accounting and reporting
Table of Contents
Acquisition Analysis.................................................................................................... 3
Pre-Acquisition and BCVR entries............................................................................... 3
Journal Entry of NCI.................................................................................................... 5
Consolidation worksheet entries................................................................................ 5
Worksheet entries...................................................................................................... 6
Changes in step 1 to 4................................................................................................ 6
References................................................................................................................. 8
Acquisition Analysis Pre-Acquisition and BCVR_2
Running Head: corporate accounting and reporting
Acquisition Analysis
Acquisition Analysis
1st July 2019
Net fair value of the
identifiable
FAIR VALUE - CARRYING
AMOUNT
assets and liabilities of Davis
Limited
Share Capital
$
1,322,000.0
0
Retained earnings
$
567,000.00
Asset Revaluation Surplus
$
453,000.00
$
2,342,000.
00
Inventories
$
317,800.00 454000
Land
$
634,200.00 906000
Vehicle
$
740,600.00 1058000
Total
$
4,034,600.
00
Consideration Transferred
$
3,778,000.
00
NCI
$
403,460.00
Goodwill
$
(146,860.0
0)
Pre-Acquisition and BCVR entries
Date Particulars Debit Credit
Pre-Acquisition Entries
Acquisition Analysis Pre-Acquisition and BCVR_3

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